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F&O data suggests Nifty in oversold zone, key support seen at 23,500

Business Standard LogoBusiness Standard2w ago

F&O data suggests Nifty in oversold zone, key support seen at 23,500 - Business Standard

Quick Summary:

F&O cues for Nov 05: However, as long as the Nifty holds above 23,890, a potential pullback could drive it towards 24,200 - 24,300 levels, says analyst at Asit C.Mehta.

Foreign institutional investors (FIIs) were net sellers of index futures worth Rs 580.38 crore on Monday.

However, the index was able to defend its previous support of 23,890 and stabilized near 24,000 levels, said Hrishikesh Yedve, AVP Technical and Derivatives Research at Asit C.


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Published On: 2024-11-05 @ 09:45:13 (2 weeks ago)

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